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Senate advances URS cleanup bill clarifying tier membership and exemptions
Summary
Senate Bill 11, described by the floor sponsor as a technical cleanup, clarifies Utah Retirement Systems membership rules (including a 50-position exemption cap), tier-2 election timing, legislator membership in tiers, and vesting for employer non-elective contributions; the bill passed third reading on a recorded vote.
Senate Bill 11, described by floor sponsor Senator Wyler, won Senate approval for third reading after debate that centered on clarifying language rather than making substantive benefit changes.
Wyler told colleagues SB 11 consolidates and clarifies multiple provisions in Title 49 related to the tier-2 retirement systems adopted in 2010. Key clarifications include how the 50-position exemption from URS…
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